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AL SB127
Bill
Status
3/3/2015
Primary Sponsor
Thomas Whatley
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AI Summary
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Exempts the sale and use of agricultural machinery and equipment from Alabama state sales and use tax, replacing the existing 1.5 percent tax rate on these items.
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Applies to machines, machinery, and equipment used in planting, cultivating, harvesting farm products, or agricultural production, including livestock and poultry operations, along with their parts, attachments, and replacements.
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Excludes automotive vehicles and trailers designed primarily for public highway use from the exemption, except for farm trailers used primarily in producing and harvesting agricultural commodities.
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Does not apply to local sales and use taxes unless previously exempted by local law or approved by local governing body resolution.
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Repeals Sections 40-23-38 and 40-23-64 of the Alabama Code and becomes effective October 1, 2014.
Legislative Description
Agricultural equipment and machinery, sales and use tax exempt, Sec. 40-23-38, 40-23-64 repealed; Sec. 40-23-37, 40-23-63 am'd.
Agriculture
Last Action
Read for the first time and referred to the Senate committee on Finance and Taxation Education
3/3/2015